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Date Ref. Title Section Type Download Info Summary Related Documents Translated versions
04/08/2021 Net short thresholds Net short position notification thresholds for sovereign issuers Reference XLSX
26.08 KB

According to Article 7(2) of the Short Selling Regulation, ESMA has to publish a list of the thresholds applicable to the sovereign issuers for the purpose of the notification to competent authorities of significant net short position in sovereign debt.

The way these notification thresholds are defined is further specified in the Commission Delegated Regulation No 918/2012 (the “DR”). The DR specifies that initial threshold categories shall be:
1.0.1% applicable where the total amount of outstanding issued sovereign debt is between 0 and 500 billion euros;
2.0.5% applicable where the total amount of outstanding issued sovereign debt is above 500 billion euros or where there is a liquid futures market for the particular sovereign debt.

The additional incremental levels shall be set at 50% of the initial thresholds. The reporting thresholds shall be monetary amounts fixed by applying the percentage thresholds to the outstanding sovereign debt of the sovereign issuer. They will be revised and updated quarterly to reflect changes in the total amount of outstanding sovereign debt of each sovereign issuer.

In addition, the DR states that the amount of outstanding debt should be calculated using a duration adjusted approach. ESMA has published a Q&A document on how to proceed for the duration adjustment.

The table of thresholds contains the name of the sovereign issuer, the amount of outstanding debt duration adjusted, the initial threshold amount and the relevant percentage, the incremental threshold amount and the relevant percentage.

Please note that the figures of the amount of outstanding debt are duration adjusted (not nominal amounts) and are approximations provided by competent authorities.

02/08/2021 CFA IPI 27/07/2021 Call for advice to the European Securities and Markets Authority (ESMA) regarding certain aspects relating to retail investor protection Reference PDF
178.79 KB
02/08/2021 CFA PRIIPS 27/07/2021 Call for advice to the Joint Committee of the European Supervisory Authorities regarding the PRIIPs Regulation , Reference PDF
258.73 KB
26/07/2021 C(2021) 4858 final Commission decision on Q&As to ESAs , Reference PDF
290.06 KB
16/07/2021 Overview recruitments Overview recruitments- Updated July 2021 , Reference PDF
387.28 KB
12/07/2021 ESMA41-356-224 Public Notice- DTCC Derivatives Repository , Reference PDF
151.07 KB
02/07/2021 ESMA35-36-2319 Annex I Joint ESMA and EBA GL on the assessment of suitability of members of the management body Reference XLSX
70.83 KB
07/06/2021 ESMA91-372-1367 Framework for the 2021 CCP ST exercise , , Reference PDF
524.2 KB
31/05/2021 2021/Q2 IFR list Further instruments and funds qualifying as own funds for investment firms , Reference XLSX
26.97 KB
28/05/2021 esma74-362-2009 Response_form_Response_form_-_Consultation Paper on the Guidelines on Transfer of Data , , Reference DOCX
776.32 KB
26/05/2021 ESMA70-156-4067 (response form) CP Response form- Technical standards for commodity derivatives , Reference DOCX
754.11 KB
12/05/2021 ESMA70-156-4233 Response form Response form- Consultation Paper on the RTS 2 Annual Review Reference DOCX
768.94 KB
28/04/2021 ESMA34-45-1248 Public hearing on CP on taxonomy-related product disclosures April 2021- Agenda , Reference PDF
121.71 KB
29/03/2021 ESMA74-362-1937 response form- Technical Advice on simplification TR fees under SFTR and EMIR , Reference DOCX
757.95 KB
29/03/2021 ESMA50-164-770 Links to national websites where net short positions in shares are disclosed Reference PDF
117.25 KB
29/03/2021 ESMA35-43-2430 Final Report ESMA’s Technical Advice to the Commi Technical Advice on the application of administrative and criminal sanctions under MiFID II/MiFIR Technical Advice PDF
337.33 KB
17/03/2021 ESMA34-45-1218 Response form CP Taxonomy Disclosures , Reference DOCX
569.44 KB
17/03/2021 JC 2021 22 Joint consultation on Taxonomy-related sustainability disclosures , Reference PDF
1.07 MB
02/03/2021 ESMA32-60-709 ESMA's response to EC targeted consultation on ESAP Reference PDF
272.76 KB
25/01/2021 ESMA70-154-2275 Call for expression of interest- CDTF CWG renewal 2021 Reference PDF
170.36 KB

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